GLOBAL MARKET STRATEGIES

Begin with the U.S. Census Bureau’s Global Market Finder:https://www.census.gov/library/visualizations/interactive/export-markets.html An Interactive Tool for U.S. Exporters. Randomly select a commodity (they are all presented in numbers). Click Map, Time Series, and Unit Price to find required data to complete the table.Describe the importance of this data for a U.S. company looking to export the commodity. (1/2 page) Research Required.Using World Bank: World Integrated Trade Solution (WITS), https://wits.worldbank.org/countrystats.aspxresearch the top two countries and the country with the highest price from the table above to learn about tariffs for U.S. exports in the commodity category. From the WITS page, select “United States” and then “United States Tariff Schedule,” then select the first country to complete the table below. Find the category that reflects the commodity chosen.Explain what is meant by MFN (Most Favored Nation) Tariff and Applied Tariff and how they affect exporting. (1/2 page) Research Required.Let us turn our attention to U.S. imports during COVID using the World Bank’s Database on COVID-19 Trade Flows and Policies. https://www.worldbank.org/en/data/interactive/2020/04/02/database-on-coronavirus-covid-19-trade-flows-and-policiesResearch in Medical Supplies or Food Products. Select “Information by Country Pair.”Top right: Select United StatesSelect/Click: One ProductComplete the table for the top 5 exporters. NOTE: you can sort the tables from highest to lowest dollars or market share.Research news reports from 2020 and share how important this export was to the United States during the pandemic. Share information about shortages of this product. (1/2 page) Research Required.No quotations are permitted in this paper. Each paragraph (except the introduction and conclusion) must contain at least one in-text citation.Since you are engaging in research, be sure to cite and reference the sources in APA format

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